All News articles – Page 11
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NewsBriefing: Will ADS safety rating put brakes on government’s automated driving push?
Industry commentators still have questions around the safety of technology such as ALKS, however the UK government is eager to have automated driving on Britain’s roads this year
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NewsLloyd’s bounces back from 2020 loss with £1.4bn profit before tax for H1 2021
Lloyd’s of London has bounced back from last year’s Covid-induced losses, reporting an aggregated profit before tax of £1.4bn for the first half of 2021, compared to a loss of £0.4bn in H1 of 2020.
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NewsDavies set to buy Lloyd’s managing agent
Claims organisation Davies has today (8 September 2021) announced the acquisition of third party Lloyd’s managing agency Asta, subject to regulatory approval.
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NewsAxa sells insurance operations in Gulf region
Insurer Axa has today (7 September 2021) confirmed that it has completed the sale of its 50% shareholding in Axa Gulf and its 34% shareholding in Saudi Arabia-based Axa Cooperative Insurance Company to insurance firm Gulf Insurance Group, situated in Kuwait.
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NewsNew Dawn Risk ‘strongly positioned’ to grow after hiring industry veteran
International specialty insurance broker New Dawn Risk Group is “strongly positioned” to become an influential participant in the specialty liability market, according to its chief executive Max Carter.
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NewsBriefing: Addressing emerging geopolitical risks is ‘major growth opportunity for insurers’
New Lloyd’s report calls for innovation around insurance for geopolitical risks as it identifies 10 ‘paradigm shift’ factors that could affect whether current cover is still fit for purpose
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NewsCVC funds complete acquisition of RiverStone Europe and appoints Preben Prebensen as Chair
Industry veteran Nick Packer will also join the Board of the business, which will now be known as RiverStone International
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NewsAriel Re granted ‘In Principle’ approval to establish a Lloyd’s Managing Agent
The new company, Ariel Re Managing Agency (“ARMA”), is expected to manage the business ofSyndicate 1910 and SPA 6117 from early 2022 subject to regulatory permissions.
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NewsAon has announced new global leadership roles in Reinsurance Solutions
This evolution of the team is designed to create greater opportunities for existing and new talent in the firm’s growth journey and deliver enhanced solutions for clients.
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NewsAxa has paid £75m for Covid-linked BI claims to date
Insurer Axa has paid out £75m for Covid-19-related business interruption (BI) claims following the Supreme Court’s appeal ruling in January 2021, confirmed Tara Foley, the firm’s chief executive of UK retail.
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NewsWillis Tower Watson sues broker rival over ‘poaching’ for its public entity team
Willis Towers Watson (WTW) has sued broker Alliant Insurance Services for reportedly ”poaching its staff” to grow its public entity team.
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NewsBermuda (Re)insurers paid $30 billion to European Union customers since 2016
The survey results reflect the growing significance of the Bermuda (re)insurance market’s contribution to the EU over these two and a half decades.
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NewsLloyd’s syndicate Ki hires new chief technology officer
Lloyd’s digital syndicate Ki has hired Richard Hodgson in the newly created role of chief technology officer.
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NewsIrish competition authority secures commitment from six insurers to combat price signalling
The Competition and Consumer Protection Commission (CCPC) in Ireland has secured legally binding commitments from six insurers operating in the country’s motor insurance market in a bid to stamp out price signalling.
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NewsCovid-19 drives underwriting losses of £2bn for Lloyd’s market – Insurance DataLab
The Covid-19 pandemic has driven underwriting losses of more than £2bn in 2020 for Lloyd’s market according to new analysis from Insurance DataLab.
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NewsInsurance industry witnesses ‘large drop in appetite for terrorism cover’
The “terrorism threat level in the UK is going to rise” as the current conflict in Afghanistan continues and Al-Qaeda, alongside other Islamist extremist groups, fights to freely operate in the country once again, according to Alan Brett, product development manager at MGA Inperio.
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NewsTokio Marine Holdings completes share buyback
TMH stated that the reason for the repurchase of its shares was to implement flexible financial policies.
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NewsFCA updates GI pricing rules following stakeholder feedback
The FCA has issued an update to its incoming pricing practice changes for the motor and home insurance markets, based on feedback from stakeholders.
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NewsTokio Marine Insurance Singapore falls victim to ransomware cyber attack
Tokio Marine Insurance Singapore Limited (TMiS) revealed it was subject to a ransomware cyber-attack on August 16 2021
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NewsWhitespace sees 84% increase in business placed on its etrade platform during 2021
Technology company Whitespace has seen a notable increase in the adoption and usage of its digital etrading platform for brokers and insurers over the last 14 months, with an increase of 84% in June 2021.
